ExxonMobil Statement on Treasury Department Sanctions on Russia

IRVING, Texas--(BUSINESS WIRE)-- ExxonMobil is complying with all U.S. sanctions.

The U.S. Treasury Department, recognizing the complexity of the University-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S. contractors and persons involved to enable the safe and responsible winding down of operations related to this exploration well. The license recognizes the need to protect the safety of the individuals involved in these operations as well as the risk to the environment. All activities related to the wind down will proceed as safely and expeditiously as possible.

CAUTIONARY STATEMENT: Statements of future events or conditions in this release are forward-looking statements.  Actual results may vary depending on a number of factors, including political and regulatory developments and other factors cited in Item 1A of ExxonMobil’s most recent Form 10-K and under the heading “Factors Affecting Future Results” in the Investors section of our website at www.exxonmobil.com.

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Source: Exxon Mobil Corporation